Brokerages Set Polestar Automotive Holding UK PLC (NASDAQ:PSNY) PT at $1.53

Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) have received an average recommendation of “Reduce” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $1.53.

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Polestar Automotive Holding UK in a research report on Friday, January 17th. Bank of America started coverage on shares of Polestar Automotive Holding UK in a research report on Thursday, December 5th. They issued a “neutral” rating and a $1.25 price target for the company.

Institutional Trading of Polestar Automotive Holding UK

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Polestar Automotive Holding UK by 48.0% during the fourth quarter. Geode Capital Management LLC now owns 1,265,400 shares of the company’s stock valued at $1,329,000 after buying an additional 410,401 shares during the period. Swiss National Bank purchased a new stake in Polestar Automotive Holding UK in the 4th quarter worth $855,000. Deutsche Bank AG acquired a new position in Polestar Automotive Holding UK during the fourth quarter worth $681,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Polestar Automotive Holding UK in the 4th quarter worth about $610,000. Finally, Northern Trust Corp acquired a new stake in Polestar Automotive Holding UK in the 4th quarter worth about $548,000. 1.02% of the stock is currently owned by institutional investors and hedge funds.

Polestar Automotive Holding UK Trading Down 1.0 %

Shares of PSNY opened at $1.04 on Friday. The firm has a market capitalization of $2.22 billion, a P/E ratio of -1.82 and a beta of 1.49. Polestar Automotive Holding UK has a 12-month low of $0.61 and a 12-month high of $1.94. The firm has a fifty day moving average price of $1.09 and a 200-day moving average price of $1.19.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.